Jeff Casale (mailto:jcasale@businessinsurance.com)
PHOENIX?Rod Morris, captive administrator for the Arizona Department of Insurance, announced Friday that he will be leaving in February. Mr. Morris will return to his former executive position with the Overseas Private Investment Corp., an agency that provides specialized political risk insurance...
NEW ORLEANS?The 5th U.S. Circuit Court of Appeals has ruled that the Employee Retirement Income Security Act does not pre-empt state law claims regarding unsafe workplaces. Le Ann McAteer, a former employee for Silverleaf Resorts Inc., worked as a landscaper at the Holly Lake Ranch in Texas, about...
HAMILTON, Bermuda?The Bermuda Monetary Authority made senior management changes Thursday that included the creation of a deputy chief executive officer position. Jeremy Cox was appointed to the new role of deputy CEO, effective immediately. Mr. Cox is currently the Hamilton, Bermuda-based regulator?
DETROIT?General Motors Corp. avoided further litigation late Tuesday when it agreed to settle for $37.5 million a class-action lawsuit filed by 401(k) plan participants who suffered huge losses after GM shares fell sharply. The suit, was filed in 2005 after Detroit-based GM?s shares plunged 75%,...
A recent study concluded that 98.3% of insurers surveyed gave their employees average salary increases of 4% in 2006, and salary increases are expected to continue through 2008. The report, ?2007/2008 Survey Report on Compensation Policies & Practices in the Insurance Industry,? surveyed 61...
BISMARCK, N.D.?North Dakota?s workers compensation agency board has voted to have two outside consultants examine the agency?s management and handling of workers? benefits claims. The board of the state?s Workforce Safety and Insurance Agency on Tuesday unanimously voted to accept bids from Marsh...
NEW YORK?Christine LaSala, president of the WTC Captive Insurance Co., said Tuesday that she plans to resign her position by July 1. Ms. LaSala, 57, who came out of retirement to take the helm of WTC Captive when it was formed in 2004, made an initial two-year commitment to the WTC Captive board...
CINCINNATI?Great American Insurance Group has created an environmental division that will offer environmental liability products for retail and wholesale business, the insurer said Tuesday. Cincinnati-based Great American said it expects the division will be writing business by April. It will be...
BOSTON?A lawsuit filed by Massachusetts authorities against Great American Insurance Group accuses the insurer of rigging bids, allegations that the insurer denies. Massachusetts Attorney General Martha Coakley filed suit in Suffolk County Superior Court late Friday, alleging that Cincinnati-based...
HAMILTON, Bermuda?Clive R. Tobin will retire as chief executive officer of insurance operations at XL Capital Ltd. and be succeeded by David B. Duclos, currently the unit?s chief operating officer, Hamilton, Bermuda-based XL announced Monday. Mr. Tobin?s retirement is effective April 1, according...
